Member Info for EmeraldCarrots

Maybe Pemex will offer their % to PMO for a knockdown price, that we can't afford after the BP mega deal?

Maybe we should have some more builds so the price can go up even more? LOL!

What we got was results slightly above expectations BUT a sort of boring outlook with no focus on bike sales (up 60%), electric bike sales (up 45%) or the motoring side which was dire but now is starting to move because the lockdown is ***over*** just in case anyone has forgot. The board have thrown a soaking wet blanket on the outlook which is completely overdone IMHO. Can we replace them?
All IMHO.

Rumor is of some VAT cuts, or even reduce to nil for a while.
The Govt. want us all to get fit and Boris is a cycling fan so good chance of lower vat or no vat for bikes IMHO.
Then we would see an sp of over £2.00 IMHO.

https://oilprice.com/Latest-Energy-News/World-News/EIA-Raises-Brent-Crude-Oil-Price-Outlook.html

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The main problem was the downturn in motoring revenue because of les driving and the stores being run dark or whatever it's called! But as they say themselves from the following part of the RNS people are now driving more so this side is improving:-
"Motoring revenue was down -45.4% LFL, reflecting a material drop in car journeys across the UK impacting this higher margin category. We have seen improving trends in Motoring in recent weeks as the lockdown has eased, boosted by the performance of stores open for customer browsing in the 'Lite' format. Essential categories performed well after the gradual increase of cars on the road, with batteries and battery care products in high demand."
So if this recovers, and the bike sales continue plus later in year electric scooter sales when IMHO they are legalised then Halfords are going to be doing very well indeed. This scenario seems likley to me. The only way IMHO it won't play out is is the UK is locked down again, and even then we know Halfords will survive, which is more than can be said for most retail!!!
All IMHO.

mysterious happenings. No smoke without fire and all that.

mysterious happenings. No smoke without fire and all that.

draw of 7 million barrels in the USA. The next afternoon, 3:30 PM our time the EIA report said there was a draw on oil stocks in the USA of 8 million Barrels.
If we get more of that tonight and tomorrow (and planes are burning a lot more aviation fuel now) the price of Brent will IMHO go over $45. Over $45 and oil shares will rocket IMHO.
All IMHO.

draw of 7 million barrels. The next afternoon, 3:30 PM our time the EIA report said there was a draw on oil stocks in the USA of 8 million Barrels.
If we get more of that tonight and tomorrow (and planes are burning a lot more aviation fuel now) the price of Brent will IMHO go over $45.
All IMHO.

API report 9:30 this evening.
Another big draw PLEASE!!!!

Disconnect between fact and virus fear I presume. Local lockdowns are not Country wide. People flying on holiday how so aviation fuel being used big time.
The market needs to look at the facts.
All IMHO.

I think. West Newton testing stated about a month ago, mabe Rathlin Energy have some news??
All IMHO.

so the oilies being down is no worry.
Planes now burning mega loads of aviation fuel and the Saudis actually incresing some of their crude oil prices.
I'm cool with all my oil Co investments. I expect good returns as the World economy picks up. There will be local lock downs but that is small fry and expected. Vaccine in September i reckon as well.
Vaccine then all stock markets will rocket............. obviously.
It will happen........... obviously.
All IMHO.

No need to panic sell any oilies with Brent still @ $42.76.
It's easy to forget Brent was more like $20 at one stage.
Also PMO have stated they are ok for the year even if Brent was $35.........
$42-35 is $7 per barrel in the comfort zone from where I'm sitting.
I'm cool with all my oil investments............. as long as Brent is over say $38.
All IMHO.

https://www.bbc.co.uk/news/world-us-canada-53317852

I see the sp is up 3.8% when just about all other oilies are down.
Maybe we are about to get the West Newton results???
LOL!

yet it seems to be taking forever to check out! This Rathlin Energy might be thorough but they won't be getting any medals for speed. They had permission to eveluate it early JUNE, so about a month ago.
UJO's RNS said this:-
"All the results to date continue to support our belief that West Newton is a large scale, conventional onshore oil and gas development asset with potential offshore sized resources in place.".
I will be good when we find out the results!
All IMHO.